The Moms 4 Housing Property Owner Settles For $3.5 Million
The state has reached a $3.5 million settlement with corporate real estate investor Wedgewood, known for its stand-off with Oakland activists Moms 4 Housing.
The agreement requires the southern California company to revamp its business practices, adhere to stringent state and local renter protections and submit regular compliance reports to the department of justice, Attorney General Rob Bonta announced Wednesday. About $2.75 million of the settlement will be paid to tenants unlawfully evicted by Wedgewood across the state.
“As we battle this housing crisis of epic proportion, our housing laws, especially our tenant protections, have never been more vital,” Bonta said. “Unfortunately, even amid this crisis, there are some who pursue profits over the interests of families.”
